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The board of directors was unanimous in its decision. -
In a post on LinkedIn, Steve Arora said investor appetite “just wasn’t there”.
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The business, which has ~EUR300mn of book value, is expected to launch a process.
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The carrier announced a major writedown in its L&H book last year.
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Insolvencies caused by the tariffs could also cause increased losses
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The combined business volume of the two firms is CHF20.1bn.
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Fridays in the office will be the toughest nut to crack.
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Guy Carpenter president Dean Klisura added that Q1 was a record cat bond issuance quarter.
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Representatives from the UK broker have been ordered to appear before magistrates on 7 May.
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Why have reinsurance start-ups remained so rare in recent years, even as underwriting conditions have improved?
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The firm now reports on insurance exposures to natural perils for 21 countries.
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